The Business Times, 6 March 2007

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Microfilm: NL27342
Total Pages: 30
1 30 The Business Times
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  • Title Section
    Lock icon Masthead
    20 1 The Business Times SINGAPORE 85 cents A SINGAPORE PRESS HOLDINGS PUBLICATION MICA (P) 202/12/2006 Tuesday, March 6,2007 online at http:/business-times.asia1.com.sg
    20 words
  • Article
    Lock icon Analysts zoom in on stocks with good yields
    765 1  -  By TEH HOOI LING [SINGAPORE] The stock market meltdown here and around the world in the past week has created opportunities for investors to accumulate stocks with good yields as well as capital growth potential, analysts said. Analysts are generally advising clients
    765 words
  • Article, Illustration
    Lock icon Stocks take beating from unwinding of yen trade
    714 1 Asia-Pacific bourses hammered as yen surges a further 1.7%, or 6% in a week By R SIVANITHY [SINGAPORE] The rapidly rising Japanese yen yesterday sparked off worries of a large-scale unwinding of the yen "carry trade" and added to the woes of
    Source Bloomberg  -  714 words
  • Article
    Lock icon MARKETS DIGEST
    129 1 sn 2,982.29 (-96.45) ST INDEX FUTURES 2.985.00 (-98.00) siMsa 364.64 (-12.09) SIMSa FUTURES 383.90 (-11.00) MARKETS Monday Chang* KLCOMP 1,110.69 -53.99 NIKKEI 225 16,642.25 -575.68 HANGSENG 18.664.88 -777.13 SETIWOEX dOMd r JAKARTA COW 1.698.82 -61 JO MANILA COMP 2,997.88 -142.46 SEOUICOMP 1.376.15 -38,32 SHENZHEN 8 461.58 -31.43 MUMBAIIND
    129 words
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  • TOP STORIES
    • Article, Illustration
      Lock icon Markets fear 'perfect storm' may be coming
      717 2  -  Wider unwinding of yen positions seen if currency rises further By ANTHONY ROWLEY in Tokyo FINANCIAL markets appeared to be heading yesterday toward what some analysts said could turn into a "perfect storm" if the unwinding of yen carry trades and falling stock
      717 words
    • Article, Illustration
      Lock icon Yen explodes as carry trade unravels
      655 2  -  By LARRY WEE [SINGAPORE] Unwinding of the carry trade reached fever pitch in Asia yesterday, boosting the Japanese yen but punishing former financial market favourites across a broad spectrum in spillover losses following Wall Street's worst week in four years. The carry trade is
      Source Bloomberg  -  655 words
    • Article
      Lock icon THREE-MINUTE DIGEST
      394 2 China's new tax law won't hurt S'pore firms too much CHINA'S intention to end a major tax benefit for foreign companies may not be as detrimental to Singapore companies operating in the mainland as some think. In fact, the changes could land up benefiting a number of Singapore
      394 words
    • Article
      Lock icon Clarification
      51 2 IN "Choice Homes ready to take on other developers in bid for land" (BT, March 5), we said that the Singapore Labour Foundation (SLF) was one of NTUC Choice Homes' shareholders. Choice Homes has since clarified that SLF is no longer a shareholder, having divtosted its stake in July
      51 words
    • Article, Illustration
      Lock icon China's new tax law won't hurt S'pore firms too much
      912 4  -  It could even benefit companies like Capita Land and Keppel Land By MICHELLE QUAH [SINGAPORE] China's intention to end a major tax benefit for foreign companies may not be as detrimental to Singapore companies operating in the mainland as some
      912 words
    • Article, Illustration
      Lock icon FTAs save S'pore business over $470 m in tariffs
      616 4  -  By CHUANG PECK MING [SINGAPORE] The republic's efforts to reach out to the world are paying off. In one year alone, Singapore's 11 free trade pacts have led to tariff savings of over $470 million for companies here, Trade and Industry
      616 words
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  • Page 4 Advertisements
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      Lock icon Page 4 Advertisements Column 1
      200 4 Singapore Business Awards 2007 Dinner presentation. 9th March 2007. The Ballroom. Rite Carlton We, TAN LEONG WAH (NRIC NO. *****269/J), TAN CHIN HUEY (NRIC NO. *****355/ D) and YAR AH WAN (NRIC NO. *****430/ C), hereby apologise to Canon Inc ("Canon") and Hewlett Packard Company ("HP"), for having infringed their
      200 words
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  • COMPANY NEWS
    • Article
      Lock icon Stanchart offers more customers equity notes
      428 5  -  Product sold only to private banking clients previously By BENITA AW YEONG STANDARD Chartered Bank said yesterday that it would be offering equity linked notes (ELNs) to its priority banking customers providing them access to stock markets in Singapore, Hong Kong, the US, the
      428 words
    • Article, Illustration
      Lock icon UOB closes share price gap with DBS Group
      374 5  -  Big falls for both as major investors dispose of liquid stocks in sell-off By SIOW LI SEN THE stockmarket rout has almost closed the price gap between DBS Group Holdings and United Overseas Bank as major investors unloaded the most liquid stocks
      Source Bloomberg  -  374 words
    • Article
      Lock icon Dubai property giant set for S'pore foray
      669 5  -  HOCK LOCK SIEW By VEN SREENIVASAN EMAAR Properties could soon be joining homegrown giants Capita Land, City Developments and Keppel Land as a major regional property player if the Middle East's largest property developer's bid to take over Singaporelisted RSH Ltd succeeds. And
      669 words
    • Article, Illustration
      Lock icon Yoma ventures into biodiesel, China real estate market
      775 6  -  It plans one-for-one rights issue to raise up to $51.1 m By BENUTA AW YEONG MAIN BOARD-LISTED Yoma Strategic Holdings, a property group in Myanmar, is venturing into the biodiesel business. Late last month it entered into a conditional sale and purchase
      FILE PHOTO  -  775 words
    • Article
      Lock icon Dairy Farm profit up 3% to US$211 m
      301 6 Conglomerate will buy Guangzhou Lianhua Quik's 110 convenience stores Bloomberg [HONG KONG] Dairy Farm International Holdings Ltd which runs supermarkets, drugstores and convenience shops across Asia says 2006 profit rose 3 per cent on rising retail sales in the region. Net income
      Bloomberg  -  301 words
    • Article
      Lock icon Stats offer may shift focus on Utac, GTC
      356 6  -  Shareholders can accept offer and re-invest in the 2 companies: analyst By ROLAND LIM WITH the recent move by Temasek Holdings to acquire semiconductor test and assembly player STATS ChipPAC (Stats), analysts are saying that investors could turn their attention to the
      356 words
    • Article
      Lock icon NOL's average container revenue falls 7%
      8 6 Bloomberg Neptune
      Bloomberg  -  8 words
    • Article
      Lock icon Alam Indah Bintan raises bid for Guthrie
      328 6  -  New price is 43.5 c, up from 39.5 c in Jan; offer closes on March 30 By CHEN HUIFEN ALAM Indah Bintan has raised its mandatory conditional offer for mainboardlisted Guthrie GTS to 43.5 cents a share, representing a 10.13 per cent premium
      328 words
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      Lock icon Page 5 Advertisements Column 1
      65 5 Get ready to benefit from the wealth of cost effective processing solutions! Exhibition Hours: 180 exhibiting companies from some 20 countries 29 31 March 2007 will bring you the most up-to-date and cutting-edge 10.00 am to 6.00pm technology on plastics and rubber. 1 April 2007 10.00 am to 5.00pm g
      65 words
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      Lock icon Page 5 Advertisements Column 2
      13 5 SUNTEC, Gallery West Level 3 Fri 9th -Sun 11 th March, 10am 9pm
      13 words
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  • Page 6 Advertisements
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      Lock icon Page 6 Advertisements Column 1
      122 6 Offshore companies Have a kow, man Choose a world leader for a professional FX trading service. We offer tight spreads on all major FX pairs and a huge range of exotics, plus CFDs on shares, indices and more. Comprehensive range of exotics No brokerage charges and no platform feeMini-accounts welcome
      122 words
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      Lock icon Page 6 Advertisements Column 2
      2 6 Good gains
      2 words
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      Lock icon Page 7 Advertisements Column 1
      50 7 Just how far will they go to steal your data? Protect your IT system from floor to ceiling. There's of protection by encrypting data that's one thing of which you can be sure: Any weak link in being transferred to a remote back-up. your IT security system will be exploited.
      50 words
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  • SINGAPORE MARKETS
    • Article, Illustration
      Lock icon ST Index falls back to Jan 1 level
      558 8  -  STOCKS No sector is spared as the indicator sheds 96 points, in line with regional sell-off R Sivanithy Senior Correspondent PUNTERS who might have asked the question, "Is it time to buy?", at the start of trading yesterday received a resounding reply
      Source Bloomberg  -  558 words
    • Article, Illustration
      Lock icon Untitled
      880 8 SECURITIES TRADING SCOREBOARD MAM soq TOTAL Up P— IMA U» Paw IMdi Up Pew Um» Mufti Ind 0 16 1 0 10 0 17 1 Manufacturing 6 190 18 6 35 8 12 225 26 Commerce 3 69 9 1 16 2 4 85 11 T pt/Stor/Comms 4 35 2
      880 words
    • Article, Illustration
      Lock icon BROKER'S TAKE
      858 8  -  Compiled by UMA SHANKARI Offshore Marine sector RECENT pull-back presents opportunities: In the recent market pußback, the share prices of Keppel Corp and SembCorp Marine fell by about 7 per cent We review the valuations that investors have been ascribing to the Offshore and Marine (O&M) earnings of
      858 words
    • Article, Illustration
      Lock icon Yen surges almost 2% against euro
      293 8 CURRENCIES Reuters [LONDON] The yen rose nearly 2 per cent on the day against the euro yesterday, and extended a rally to a three-month high versus the US dollar as edgy investors unloaded risky carry trades in the face of tumbling stock markets. Yen
      Reuters  -  293 words
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  • COMPANY NEWS
    • Article, Illustration
      Lock icon CityDev, Wing Tai buy Anderson 18 for $477.7 m
      589 9  -  Not known if tie-up extends to Wing Tai's adjacent Ardmore Point site By KALPANA RASHIWALA CITY Developments and Wing Tai have teamed up to buy Anderson 18 for $477.7 million, or $1,650 per square foot (psf) of potential gross floor area,
      FILE PHOTO  -  589 words
    • Article
      Lock icon Scorpio East sells 16m new shares to 4 investors
      319 9  -  By JANICE HENG SESDAQ-LISTED video entertainment distributor Scorpio East Holdings announced yesterday that it is placing out 16 million new shares to four individual investors, all of whom are well-known local entrepreneurs. The investors are Derek Goh, executive chairman and group
      319 words
    • Article
      Lock icon Jiangsu Eastern Shipyard plans US$65m IPO
      155 9 Reuters CHINA'S Jiangsu Eastern Shipyard will push ahead with its Singapore initial public offering (IPO) of up to US$65 million in the sec-ond-quarter, despite tumbling stock markets, a company official said yesterday. The company's planned listing will fund the company's expansion efforts, as it
      Reuters  -  155 words
    • Article
      Lock icon COMPANY BRIEFS
      189 9 Noble to enter JV to set up firm in Brazil NOBLE Group yesterday said it is entering into a joint venture to form a fertiliser blending and marketing firm in Brazil. Other partners in the venture will include Peninsula, a Brazilian fertiliser blender, and MAS Trade Holding of
      189 words
    • Article
      Lock icon Dubai futures mart sees S'pore traders' support
      400 9  -  Oman crude futures contracts offer risk management tool, says CEO By SIOW LI SEN DUBAI Mercantile Exchange, the Middle East's first international energy futures exchange, says that it expects good support from Singapore oil traders for its Oman crude oil futures contracts. The
      400 words
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  • SINGAPORE NEWS
    • Article
      Lock icon PARLIAMENT BRIEFS
      230 10 Bloomberg SDC 'made some lapses': Hng Kiang TRADE and Industry Minister Lim Hng Kiang said yesterday in Parliament that Sentosa Development Corporation (SDC) "made some lapses" in the sale of sites for the development of Sentosa Cove, after the Auditor-General observed that the SDC was not following the
      Bloomberg  -  230 words
    • Article
      Lock icon SINGAPORE ROUNDUP
      172 10 School of Tourism and Hospitality launched THE Management Development Institute of Singapore yesterday officially launched its new School of Tourism and Hospitality. To mark the launch, a regional travel conference was held, with top tourism players coming together to share insights on the evolutions and challenges in travel,
      172 words
    • Article, Illustration
      Lock icon New Credit Suisse centre can house 1,400
      221 10  -  By TAMARA MOHANAN KUPPUSAMY CREDIT Suisse, which is expanding in the Asia-Pacific region, yesterday unveiled a new centre at One Raffles Quay, with space for 1,400 employees. The centre is intended to house IT, product control and operational support staff, and will also
      YEN MENG JIIN  -  221 words
    • Article
      Lock icon SMEs thriving here and abroad
      457 10  -  By CHUANG PECK MING SINGAPORE'S small and medium enterprises are doing well, according to Lee Yi Shyan, Minister of State for Trade and Industry. The turnover of the top 500 SMEs as a group jumped 30 per cent to $13.5 billion in the past five
      457 words
    • Article
      Lock icon Economy can grow at 6.5% a year: analysts
      478 10  -  Conditions include more foreign talent and investments By ANNA TEO SINGAPORE'S mediumterm growth potential is apparently higher than the oft-assumed 3-5, or even 4-6, per cent. According to econometric projections, the economy can grow 6.5 per cent a year over the next
      478 words
    • Article
      Lock icon Orangestar tie-up gels approval
      232 10  -  By WEE LI-EN JETSTAR Asia and its holding company Orangestar have won final approval from Singapore's competition regulator for an operational merger with parent Qantas. following public consultation. Two weeks ago. the Competition Commission of Singapore (CCS) ruled that the tie-up between the two airlines does
      232 words
    • Article
      Lock icon Russian business school names Lee Kuan Yew to its board
      480 10  -  By MATTHEW PHAN RUSSIA'S first dedicated business school, the Skoldovo Moscow School of Management, has appointed Singapore's Minister Mentor Lee Kuan Yew to its international advisory board, extending cooperation between the two countries to include talent development. "Our main focus
      480 words
    • Article, Illustration
      Lock icon Singapore to forge closer ties with Malaysia
      614 10  -  YESTERDAY IN PARLIAMENT It intends to establish a consulate in Johor Baru By OH BOON PING SINGAPORE will seek to forge closer ties with Malaysia and elevate the issue of an extradition treaty with Indonesia to the ministerial level, said Foreign Minister George
      614 words
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  • SME spotlight
    • Article, Illustration
      Lock icon Sowing seeds of the future
      1189 11  -  SMALL CAPS PDC Corp is banking on agri-business to push its growth, reports NANDE KHIN NANDE KHIN IF JUST one word has to be used to summarise PDC Corp's growth strategy for the future, it would be "agri-busi-ness". "We foresee agri-business to be our main
      1,189 words
    • Article
      Lock icon Portfolio dives 15% in wake of market plunge
      368 11  -  By TEH HOOI LING OUR small-cap portfolio has not been spared in the massive blood-letting on the stock market over the past five trading sessions. It plunged 15 per cent, in line with the UOB Sesdaq's 16 per cent decline. What were
      368 words
    • Article, Illustration
      Lock icon A fine mix of chocs and wines
      537 12  -  Chocolate retailer Focus Network also diversifies into constructuction, reports Janice Heng JANICE HENG CHOCOLATES and wine make a fine combination at least they do for chocolate distributor and retailer Focus Network Agencies. Although Focus Network's key business has been and will continue to
      ARTHUR LEE  -  537 words
  • Page 11 Advertisements
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      Lock icon Page 11 Advertisements Column 1
      22 11 Cats Notices InU The Matter Of The Companies Act, Cap. 50 And In The Matter Of REAL CHALLENGE PTE LTD Good Gains
      22 words
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      Lock icon Page 11 Advertisements Column 2
      19 11 THE COMMUNES ACT, CAP. 50 Section 291(4) 333 SUPERMARKET PTE. LTD. (Registration No. *****72 MR) STATUTORY DECLARATION Of INSOLVENCY
      19 words
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      Lock icon Page 11 Advertisements Column 3
      365 11 Tenders are invited from interested parties for the purchase and disposal of unclaimed cargoes. The unclaimed cargoes includes but not limited to the following: 1 lot of steel product consisting of steel sheets, steel pipes, wire rods and steel bars. 1 lot of general cargo consisting of hinges, bolt and
      365 words
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  • Page 12 Advertisements
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      Lock icon Page 12 Advertisements Column 1
      23 12 Two one Answer: Legends garden THE LEGENDS FORT CANNING PARK 11 Canning Walk Singapore *****1 Tel: 6333 9979 www.lagandsfortcanning.com Hawker's square at Phoenix
      23 words
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  • ECONOMY WATCH
    • Article, Illustration
      Lock icon Current trading bands for yuan sufficient
      642 13 China may widen range when necessary, says central bank chief Reuters [BEIJING] China will consider widening the yuan's daily trading range when necessary but has no timetable for doing so, central bank governor Zhou Xiaochuan said yesterday. The People's Bank of China (PBOC) still
      Reuters; BLOOMBERG  -  642 words
    • Article
      Lock icon China should not be made an enemy, says Paulson
      470 13 AP [WASHINGTON] Treasury Secretary Henry Paulson said that the United States should not make China an enemy, but that Beijing needs to step up reform of its currency to resolve short-term differences. Mr Paulson, who this week makes his third visit
      AP  -  470 words
    • Article, Illustration
      Lock icon India's economy faces overheating risk: S&P unit
      311 13 Growth projected at 8.4%-9% for next fiscal year Bloomberg [SINGAPORE] India's economic growth is likely to moderate this year as a pick-up in inflation and "overheating" in some industries pose risks to the nation's pace of expansion, credit assessor Crisil Ltd said. Asia's
      Bloomberg; AFP  -  311 words
    • Article
      Lock icon Indon central bank may cut key interest rates
      257 13 Bloomberg [JAKARTA] Indonesia's central bank will probably cut its benchmark interest rate to a 19-month low to spur growth after floods failed to push up inflation in February. Bank Indonesia (BI) governor Burhanuddin Abdullah will lower the rate used as a reference
      Bloomberg  -  257 words
    • Article
      Lock icon Indian minister upbeat on corporate profits
      9 13 Reuters (New Delhi)
      Reuters  -  9 words
    • Article
      Lock icon Oil down US$1 as stock markets fall due to yen surge
      179 13 Global demand outlook unclear with hazy US data Reuters [LONDON] Oil prices fell a dollar to below USs6l yesterday as steep falls on Asian and European stock exchanges spilled over into commodities markets. US crude was down USsl.Ol at
      Reuters  -  179 words
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  • MALAYSIA/INDONESIA
    • Article
      Lock icon BURSA MALAYSIA
      2506 14 VOL Mlf 5 RM ♦<- COOP) A 4 M Realty 1.38 -0.07 115 AbricBhd 0.29 -0.04 100 Acp Industries 1.39 -0.17 1192 Advance Synergy 0.23 -0 05 2562 Adventa Bhd 0.90 -0.01 219 Ae Multi Hldgs 0.30 -0.06 1162 Affin Holdings 1.90 -025 8385 Ahmad Zaki Resou 2.22
      2,506 words
    • Article
      Lock icon 85% of graft claims baseless: Abdullah
      465 14 Reuters [KUALA LUMPUR] Malaysia's prime minister yesterday responded to the biggest crisis facing his three-year-old anti-corrup-tion drive by dismissing 85 per cent of graft allegations as baseless. Prime Minister Abdullah Ahmad Badawi, who won a landslide election victory in 2004 with a pledge to
      Reuters  -  465 words
    • Article, Illustration
      Lock icon KL to state its stand on US FTA issues
      301 14 AFP [KUALA LUMPUR] Malaysia will finalise this week its stance on 58 outstanding issues that bogged down free trade talks with the United States last month, the trade minister said yesterday. Ms Rafidah Aziz was quoted by the official Bernama news
      AFP; FILE PHOTO  -  301 words
    • Article
      Lock icon Peugeot Citroen ends talks with Proton
      64 14 Reuters {PARIS] French carmaker PSA Peugeot Citroen said yesterday it had decided to «id talks with Malaysian carmaker Proton Holdings Bhd over a possible alliance. "PSA Peugeot Citroen has decided to discontinue the discussions launched in September 2006 with Proton. The talks focused on
      Reuters  -  64 words
    • Article
      Lock icon Work to reduce haze has begun: M'sian minister
      210 14 AFP [KUALA LUMPUR] After years of talking, real work to address the annual problem of haze from illegal fires in Indonesia has begun, a Malaysian minister was yesterday quoted as saying. Malaysia and Singapore are advising Indonesian farmers on alternatives to burning
      AFP  -  210 words
    • BRIEFLY ASIA
    • Article
      Lock icon Floods set to hit insurers with RM100m in claims
      386 14 [KUALA LUMPURI The recent floods in December and January may cost insurance firms about RMIOO million (5544.5 million) in claims, but the industry's financial strength remains intact, says a report in Malaysia's Business Times, citing players in the sector. The overall
      386 words
    • Article
      Lock icon Govts must adapt to new terror tactics
      491 14  -  Minister: Better dialogue may help inter-state cooperation By LAUREL TEO in Jakarta AS terrorists continue to evolve new strategies, governments must also adjust to keep pace and where possible, join forces in the battle against these deviant militant groups. One way of inter-state
      491 words
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  • GREATER CHINA/INDIA
    • Article, Illustration
      Lock icon PM Wen puts emphasis on green growth in China
      784 15 NATIONAL PEOPLE'S CONGRESS He also aims to narrow economic gap between urban and rural areas Reuters [BEIJING] China will do more to save energy and cut pollution in 2007 while striving to keep its economy humming following four straight years of
      Reuters  -  784 words
    • Article, Illustration
      Lock icon China targets slower growth of 8% this year
      157 15 Bloomberg [BEIJING] China is seeking slower economic growth of 8 per cent this year, Premier Wen Jiabao said yesterday. Mr Wen's speech was circulated at the annual meeting of the National People's Congress in Beijing. The same target in 2006 failed to
      Bloomberg; AFP  -  157 words
    • Article
      Lock icon Wen unveils fresh anti-graft measures
      289 15 AFP [BEIJING] Premier Wen Jiabao warned China's communist cadres yesterday that their lavish spending and luxurious lifestyles would not be tolerated, as he unveiled another raft of measures to curb government graft. Communist Party officials will no longer be allowed to get involved in golf
      AFP  -  289 words
    • Article, Illustration
      Lock icon No immediate plans for foreign listing: Tata Steel
      198 15 Bloomberg [MUMBAI] Tata Steel Ltd, set to become the world's fifth-biggest steelmaker after agreeing to buy UK's Corns Group pic, doesn't plan to list its shares on an overseas exchange immediately, spokesman Sanjay Choudhry said. "There are no such plans at this
      Bloomberg  -  198 words
    • Article
      Lock icon China may allow brokerages to invest own funds
      359 15 Bloomberg [HONG KONG] China may let select securities firms invest their own capital—a move that could help shield their earnings from stockmarket swings and allow them to better match returns generated by overseas competitors. The securities watchdog is studying plans for a
      Bloomberg  -  359 words
    • Article
      Lock icon Shanghai bourse mulls possible listing
      383 15 [BEIJING] Shanghai Stock Exchange, the larger of the mainland's two stock market operators, is looking into the possibility of a listing in Shanghai, says a report in the South China Morning Post, citing the exchange's president. "We are paying close attention to die other listed
      383 words
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  • MIDDLE EAST
    • Article
      Lock icon Dubai's Cargo Gulf sets up global HQ in Singapore
      509 16  -  It plans further expansion with operational offices in UK, US, HK By CLARENCE MICHAEL in Dubai CARGOGULF Inc, a neutral NVOCC (non-vessel operating common carrier) operator with a worldwide presence, has established its global headquarters in Singapore. The company's further expansion
      509 words
    • Article
      Lock icon Abu Dhabi to invest US$11 b in gas by 2012
      13 16 Reuters (Abu dhabi)
      Reuters  -  13 words
    • Article
      Lock icon UNIT TRUSTS & FUNDS
      5763 16 UNIT TRUSTS FUNDS AM Antra Aaat Mgt (S'pora) Star Europe Eqty!** 1.02 3/ Star Europe Bond 1183/ St» Europe Bat 1 208/ Star Asian Tiger E<H/ 1214/ Star Asa Bond 1315/ Star Asia Balanced 1 068/ Star Global technology Fundi" 0204/ Mufti St Fd 1168/ Star Aaa Bond! USD) 0861/
      5,763 words
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      Lock icon Page 16 Advertisements Column 1
      27 16 You can now use your CPF to invest in AllianzGI RCM Global HIgh Payout Fund. Visit our appointed distributors for more details. An auspicious pool of investments.
      27 words
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  • AVIATION/LOGISTICS
    • Article, Illustration
      Lock icon Managing fraud risks in transport, logistics
      1491 18  -  Communication may be the most effective weapon against fraud By SUBRAMANIAM IYER TRANSPORTATION and logistics (T&L) companies reported a larger number of incidents of fraud compared to the global average. This is not surprising given the nature of the T&L process, where goods are
      BLOOMBERG  -  1,491 words
    • Article
      Lock icon AIRCRAFT ARRIVALS AND DEPARTURES
      2331 18 CITY MOT «TA MIT «T» AMaMo LH9771 1740 AF8068 2215 SO268 1740 BA7382 2215 AF8087 1830 QF82 2215 BA7381 1830 LH9770 2350 r QW '830 23?p A>—««fcX SQ530 1 930 ri— L***** 0645 KL838 2315 SQ323 0645 L***** 2345 *OJ37 1605 SQ324 2j4? AO—« 5Q347 0545
      2,331 words
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  • Page 18 Miscellaneous
    • Miscellaneous
      Lock icon Page 18 Miscellaneous Column 1
      183 18 CRYPTIC CROSSWORD DOWN 2 Let rip with Edwin (6) house consumed (9) Across: 1 Sticking-points, 9 Bar--3 Make good in a nimble way 15 Six balls needed before test king, 10 Imperil, 11 Envy, 12 Blood (6) defeat (9) donor, 14 Turner, 15 Seamless, 17 4 Thin film replaced before
      183 words
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  • SHIPPING
    • Article, Illustration
      Lock icon Strong economy helps lift PSA Int'l gain to record $1.2b
      640 19  -  Profit up 14.3%; overseas terminals handle more boxes than S'pore By GEORGE JOSEPH [SINGAPORE] PSA International turned in a record net profit of $1,209 billion for 2006, up 14.3 per cent over the previous year. This was aided by strong
      AFP  -  640 words
    • Article
      Lock icon STX Shipbuilding earns top Q4 profit in 3 years
      248 19 Bloomberg [SINGAPORE] STX Shipbuilding Co, the world's sixth-largest shipyard, earned its biggest quarterly profit in almost three years after building more vessels at higher prices and collecting larger contributions from its shipping unit. Net income was 25.2 billion won (Ss4o million)
      Bloomberg  -  248 words
    • Article
      Lock icon TRANSPORT STOCKS
      273 19 SGX DM MarS St W- Vfl< Ch Offshore 039 -0.03 1S73 Chuan Hup Htdgs 0J0 -001 2095 CCKoCorp.Zl. 240 -027 ***** Cv* butted..... 0J3 -009 2198 EzraHMql AS* -032 422 FrcightLMcs -0j07 -0.01 5176 Grart Banks 0J9 -007 33 Jaya Hold Ltd -..1.40 -005 1179 K'ventures J030 -0.01
      273 words
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  • EDITORIAL & OPINION
    • Article
      Lock icon A small step towards Mid-East peace
      518 20 EDITORIAL IT was only a few weeks ago that US President George Bush, Secretary of State Condoleezza Rice, and other US officials were reiterating their rejection of the proposals that Washington consider direct diplomatic engagement with North Korea and Iran or Syria. If anything,
      518 words
    • Article, Illustration
      Lock icon India shoots itself with wheat, rice futures ban
      401 20  -  THE BOTTOM LINE ANDY MUKHERJEE Bloomberg INDIA'S political class has perfected its response to bad news: Shoot the messenger and do something contrary to what's needed to set matters aright. A case in point occurred last week, as wheat and rice futures
      Bloomberg  -  401 words
    • Article, Illustration
      Lock icon EU turning 50 amid a crisis of confidence
      902 20  -  But its policy makers vow to bring peace, stability and prosperity to its neighbours SHADA ISLAM Brussels Correspondent THE European Union (EU) marks its 50th birthday on March 25, with a special summit in Berlin. Leaders from the 27-nation bloc will use
      AFP  -  902 words
    • Article, Illustration
      Lock icon Pakistan is open for business
      1003 21  -  It has the basic fundamentals in place to make it a leading country in the league of emerging markets DONALD URQUHART Correspondent TWO of the men tasked with super-charging Pakistan's rapidly growing economy have a bold vision to make the world's seventh-largest population the world's
      AFP  -  1,003 words
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      Lock icon Dismal forecast for forecasters
      927 21  -  By DANIEL GROSS NYT LAST week, Alan Greenspan proved that a retired maestro can still seem to conduct the world's financial orchestra, even if he no longer occupies the podium. On Monday, Mr Greenspan, the former Federal Reserve chairman, said: "It is possible we can get
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      Lock icon Pakistan in forefront of terror fight
      283 21  -  LETTERS TO THE EDITOR Dr Israr Hussain First Secretary Pakistan High Commission I REFER to Aasim Sajjad Akhtar's article "Pakistan is in the hot seat again" (BT, Feb 8). Much of the article relates to history and what the US government thinks of what
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      Lock icon Push institutional investors into action
      457 21  -  Mak Yuen Teen Director, Corporate Governance and Financial Reporting Centre I REFER to the letter 'A victory for shareholder activism* by Mr Tan Lye Huat (BT, March 2) and his comment about the deafening silence of institutional shareholders in the Isetan episode. While institutional investors
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      Lock icon Kudos to Isetan and its minority shareholders
      319 21  -  Ang Hao Yao I REFER to the letter, "A victory for shareholder activism" (BT, March 2) by Tan Lye Huat. As a small shareholder of Isetan, I certainly appreciate the efforts of the group of shareholders who have benefited all the other minority
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      103 21 HAVE YOUR SAY Fax your letters to 6319-8277 or email them to btletter@sph.com.sg or write to: The Business Times, SPH HQ, 1000 Toa Payoh North, Podium Level 3, Singapore *****4. We need your full name, address and telephone number for verification. Please use temperate language, and bear in mind libel
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    11312 22 SGX MAINBOARD Transaction date: Mar 5 52-tt Tel Last Vol Day Last Quote Div GrVM Nat MCa low Coda Cowpany Sale moo) Wgh low l«y«r Utm Cvr Ht $mt 3.5 1 5716 1st Software 2 susp -8.1 113 6 3148 STetecom 9 -OS 993 9.5 9 8.5 9
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      35 22 Trade from 20% deposit (5 x leverage) on most stocks Go long pr short Competitive financing rates in all meathals Access Exchange Traded Funds and Indicom Select Exchange Traded Funds and Indices Competitive Commission charges
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    Lock icon FINANCE & COMMODITIES
    5665 23 FINANCE COMMODITIES MORGAN STANLEY CAPITAL INTERNATIONAL INDICES to tool am taSS MUSS %y *dy %dy %ft **"3 Chana# Ofna» Ow>0« Oi«ng» Q«ng« Quag* WMdlrtaitalniMi ***** -04 -0j6 -04 -tjQ 414 -05 tWtWtftlilHli 1106-6 -03 -0.1 -03 -04 4L3 OB ***** -at -1.1 -03 1.9 <13 14 Bwfc 1012.1 -09 2J
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      31 24 Dongnama line Sinokor merchant Marine co.Ltd Qemartrans (8) Pte Ltd Goodway Agencies (Shipping) Re Ltd Tel 6743 0746 Fax 6748 9530 www.goodwaylogistics.com PLACE YOUR AD HERE The Business Times Shipping Times
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      28 24 Wallenius Wilhelmsen logistics NORTRANS SHIPPING AGENCIES Kyowa Line Legal services required by snippers owners TO ADVERTISE, CALL MICHAEL CHNG AT 9862 9865 OR BERNARD ONG AT 9675 0002
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      51 25 WEEKLY EXPRESS SERVICE TO AND FROM PALEMBANG CALLING SINGAPORE EVERY THURSDAY CALUNG PALEMBANG EVERY SUNDAY Pekanbaru Pontianak Surabaya and Semarang (Fixed day) Calcutta-weekly service Rickmers-linie Austral Asia line Delmas FREIGHT FORWARDER urgently needed by shippers Shipping Times? TO ADVERTISE, CALL MICHAEL CHNG AT 9862 9865 OR BERNARD ONG AT 9675
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      56 25 Vessel Voy PKL Sen Karachi EASTERN CAR LINER, LTD CHINA SHIPPING CONTAINER UNES (HONG KONG) CO., LTD. Toko line MYANMA FIVE STAR LINE CONTAINER SERVICE MARIANA EXPRESS ONE P. T. DJAKARTA LLOYD (PERBERO) AUSTRALIA PULL CONTAINER SERVICE Experienced ship maintenance services wanted. TO ADVERTISE, CALL MICHAEL CHNG AT 9862 9865
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  • PROPERTY
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      Lock icon HK property market warming up again
      550 28 Some analysts see 30% price rise this year, but earnings still soft Reuters [HONG KONG] Hong Kong's notoriously volatile housing market is heating up again, with some analysts predicting a 30 per cent price rise in 2007 as rising salaries, tax cuts and cheap
      Reuters; File photo  -  550 words
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      Lock icon Grange Heights asking for developers' expression of interest
      425 29  -  By UMA SHANKARI GRANGE Heights, a prime freehold residential site near Orchard Road, is asking for expressions of interest from investors and developers. Marketing agent Jones Lang LaSalle (JLL) expects the site to fetch upwards of $1,700 per square foot per plot
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      Lock icon Average stamp duty in London up 5-fold
      324 29 HBOS cites jump in property prices, urges govt to raise tax threshold Bloomberg [LONDON] London homebuyers pay almost five times as much tax on house purchases than they did in 2001 after a surge in property prices, HBOS pic said. Stamp duty, a
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      Lock icon Nathan Ville in River Valley sold for $79m
      311 30  -  By KALPANA RASHIWALA NATHAN Ville in the River Valley area has been sold to TID Pte Ltd a partnership between Singapore's Hong Leong Group and Japan's Mitsui group for about $79 million, BT understands. The price reflects a unit land price of
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      Lock icon Pacific Star, Gome to set up fund to invest in China
      425 30  -  Several properties identified; first acquisition may be announced by Q207 By ARTHUR SIM PACIFIC Star and Chinabased Gome Property Investment will set up a US$BOO million fund to invest in real estate projects in China. The close-end fund will
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      Lock icon KL condo sets new record for residential property market
      522 30  -  By PAULINE NG in Kuala Lumpur MALAYSIA has set a new benchmark in residential property prices with two remaining units in a luxury highrise in the Kuala Lumpur city centre selling for RM1.600 psf (*****). Bankers familiar with the development said
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      Lock icon Dubai Properties' Business Bay sold out
      426 30  -  By CLARENCE MICHAEL in Dubai DUBAI Properties, a member of the state-owned Dubai Holding, announced all three phases of the 64 million square feet master development Business Bay, which will have more than 220 towers along the extension of the Dubai Creek, has been
      426 words
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      96 28 1) Meyer Road Vicinity Land Area: 10,600 sf Plot Ratio: 2.1 Height: Up to 25 storeys 2) Marine Parade Vicinity Land Area: 16,000 sf Plot Ratio: 1.4 Height: Up to 5 storeys 'fmimiumiiu -MWkuiitm I. Near amenities I eateries IMRTI Good Schools Popular private housing area Minutes to CBD, sasy
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      152 28 For Sale By Tender 7 adjoining units of 3 storey conservation Land area of approx. 10,444 sf Floor area of approx. 23,983 sf Prominent frontage Near to Chinatown MRT Station IM Possibility to change the use to boutique hotel For tender documents, please contact Karen Wan (6228 7315) or Foo
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      89 28 1100 Lower Delta Road Fully refurbished 4 storey industrial cum office building 5 mins drive to financial district Land area of 48 .599 sf JTC 60 yrs wef 1 -8-1969 Gross floor area of 103,624 sf Lettable area of 86,000 sf Long term leaseback PRIME RESIDENTIAL SUE AT BALMORAL COLLECTIVE
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      150 29 PRIME FREEHOLD SITE AT NEWTON COLLECTIVE SALE OF ELMIRA HEIGHTS Site area: 10,084.6 sm (108,550 sf) MP 2003: Residential, PR 2.8 Height Control 1 17m AMSL (approximately 30 storeys) Elevated land Short walk to Scotts Orchard Road I Novena Hub Newton MRT at its doorstep Less than 1 km to
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